CMC Networks has announced the appointment of Mahesh Jaishankar as its new Managing Director. He will lead the company's strategy to expand its AI-powered connectivity solutions and on-the-ground expertise across Africa and the Middle East.

• Jaishankar succeeds Marisa Trisolino, who served as CEO until her departure in April 2025.
• He brings over 25 years of experience in building and scaling advanced digital infrastructure businesses, including an advisory role at Arthur D. Little and serving as Head of Strategic Negotiations, GNA at Google.
• Jaishankar was instrumental in the launch and growth of datamena as a global digital hub during his time at du.
• The appointment follows center3's acquisition of CMC Networks in June 2024.

South African fintech company, Float, a card-linked instalment platform, has successfully raised $2.6 million (R46 million) in funding. This capital injection will support local growth acceleration and facilitate expansion into new markets.

• Float secured $2.6 million (R46 million) in funding.
• The funding round was co-led by Invenfin and SAAD Investment Holdings.
• Float differentiates itself by focusing on optimizing existing credit cards for consumers, rather than issuing new lines of credit.
• Alex Forsyth-Thompson, Float's Founder and CEO, emphasized the funding as a vote of confidence in their approach to responsible credit usage.